BIR Ruling No. 518-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No.

5A8-017

CERTIFICATE OF TAX EXEMPTION

issued to

64 Samat St. Ayala Greenfield Estates Calamba City Laguna 4027 ZEN CATS.ASSOCIATION INC. SEC Company Reg. No. TIN:

on the following revenues or receipts: and has proven by actual operation that its primary purpose falls under Section 30 (E)'of thc National Internal Revenue Code of 1997, as amended. It is exempt from INCOME TAX only This certifies that the above-named corporation is a non-stock, non-profit coporation

1. Donations and Contribution

nothing follows

integral part hereof. It is liable, however. to all other taxes not enumerated above. subject to the provisions of applicable BIR rules and regulations and the tax exemptions liabilities and responsibilities stated in the Terms and Conditions hereto attached and made an

earlier revoked by this Office for violation of any provisions of applicable rules and regulations of BIR, or the terms and conditions herein set forth. This certification shall be valid for three (3) years from the date of issuance unless

provided under Revenue Memorandum Order (RMO) No. 20-2013. Failure to renew this Certificate shall be deemed a revocation thereof upon the expiration of the three (3)-year period. This Certificate may be renewed upon filing of a subsequent application for revalidation

documents as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this. day of NOV 0 7 2017

1&~8cwA

Commissioner of Internal Revenue CAESAR R. DULAY

K- I-spf 010973

ZEN CATS ASSOCIATION INC Page 2 of 3 Date issued CTE No. 1-7-01

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

TAX EXEMPTION 1) ZEN CATS ASSOCIATION INC. is only exempt from the payment of income tax on 20-2013. revenues and receipts enumerated on the Certificate of Tax Exemption. Moreover. to be entitled to the tax exemptions enumerated herein, the association/corporation/ organization must continue to meet the requirements set forth under Revenue Memorandum Order No.

LIABILITY FOR INTERNAL REVENUE TAXES 1) INCOME TAX

activity conducted for profit regardless of the disposition thereof, which incomc should be returned for taxation. Exemption. Moreover, it is subject to the corresponding internal revenuc taxes .imposed under the NIRC on its income derived from any of its properties, real or personal. or any ZENCATSASSOCIATIONINC.issubjecttoincomc income/receipts/revenucs not expressly exempted and stated in the Certificate of 'T'ax tax on all its

(20%) final withholding tax: Provided, however, that interest income derived by it from a depository bank under the expanded foreign currency deposit system shall be subject to seven and one-half percent (7-1/2%) final withhoiding income tax pursuant to Section 27(D)(1) in relation to Sec. 57(A) both of the NIRC. Likewise. interest income from currency bank deposits and yield or any other monetary and royalties derived from sources within the Philippines are subject to the twenty percent benefits from deposit substitute instruments and from trust funds and similar arrangements.

2) VALUE ADDED TAX/PERCENTAGE TAX

Notwithstanding that it is a non-stock. non-profit corporation, its purchase of goods or VAT pursuant to Sections 106 and 107 of the NIRC. the 3% perccntage tax, if gross receipts do not exceed P1,919.500.00. properties or services and importation of goods shall nevertheless bc subject to the 12% If ZEN CATS ASSOCIATION INC. is engaged in the saie of goods or services in the One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919.500.00), or to course of a business pursuit, including transactions incidental thereto. its revenues derived therefrom shall be subject to the 12% VAT, in case the gross receipts from such sales is

3) WITHHOLDING TAX

37 of the NIRC, as implemented by Revenue Regulations No. 2-98, as amended. subject to the withholding tax under Section 79 (A), Chapter XIHI, Title i1 of the NIRC. as implemented by Revenue Regulations No. 2-98, as amended, or if it makes income ZEN CATS ASSOCIATION INC. shall be constituted as withholding agent for the payments to individuals or corporations subject to the withholding tax pursuant to Section government if it acts as an employer and its empioyees receive compensation income

Page 3 of 3 ZEN CATS ASSOCIATION INC CTE No. 518-2017 Date issued 11-7-2017

TAXPAYER'S DUTIES & RESPONSIBILITIES

1) ZEN CATS ASSOCIATION INC. is required to file on or before the 15th day of the Exemption shall be attached to the aforementioned Annual Information Return. fourth month following the end of the accounting period a Profit and Loss Statement and Balance Sheet with the Annual Information Return under oath. stating its gross income and expenses incurred during thc preceding period and a certificate showing that therc has no been any change in its By-laws. Articles of Incorporation, manner of operation and activities as weli as sources and disposition of income. Copy of this Certificate of Tax

2) Under Section 235 of the NIRC, any provision of existing general and special law to the purposes of ascertaining compliance with the conditions under which it has been granted tax exemptions or tax incentives, and its tax liabilities, if any. contrary notwithstanding. the books of accounts and other pertinent records of tax-exempt organization or grantees of tax incentives shall be subject to examination by the BIR for

3) Further, it is also rcquired under Section 6(C) in relation to Section 237 of the NIRC tc 2003 issue duly registered receipts or sales or commercial invoices for each sale or transfer of which the Association is registered. (Revenue Memorandum Circular No. [RMC] No. 76- merchandise or for services rendered which are not directly related to the activities for

4) Finally, it is subject to the payment of registration fee of PhP 500.00 as prescribed in Section 236(B) of the NIRC